M-Pesa, Tanzania’s leading mobile money service has partnered with NALA, a global payments company born in Tanzania to enable International Money Transfer (IMT) services to reach available to customers in the European Union (EU) and enable them to seamlessly send money to M-Pesa at an affordable rate.
Nala has recently expanded in Europe by adding 19 new Eurozone nations to its list of markets after expanding from the UK to the US earlier this year. Nala's Founder and CEO, Mr. Benjamin Fernandes said that a partnership with M-Pesa will enable people from the UK, US and EU to Tanzania and Africa as a whole.
Mr. Fernandes emphasized; “It brings me great pleasure to be able to reach a quarter of African migrants living in Europe with affordable and reliable payments services”.
Nala is working towards changing the paradigm of financial tools for Africans
by providing fair and transparent services to empower people with control over
their finances.
Vodacom Director of M-Commerce, Mr. Epimack Mbeteni said the partnership
aligns well with the company's plans to grow its international mobile money
transfer portfolio.
Mr. Epimack emphasized that; “We have leveraged on innovation and partnership to facilitate international money transfers across Africa and the world making remittance easy and facilitating cross-border trade," he said.